Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. priced S&P 500® index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, will pay no interest, and at maturity will pay either the face amount or a cash payment tied to the S&P 500® return subject to a maximum settlement amount of at least $1,150 per $1,000 face amount. The trade date is June 30, 2026, the original issue date is July 6, 2026, the determination date is June 30, 2028, and the stated maturity date is July 6, 2028. The notes are part of GS Finance Corp.'s Medium-Term Notes, Series F program and will be book-entry obligations (CUSIP 40054RQ38).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk notes linked to an equally weighted basket of five technology stocks. The notes have an initial basket level of 100, an upside participation rate of 100%, and a trigger buffer level of 50. They are expected to trade on June 18, 2026, have an original issue date expected to be June 24, 2026, and a stated maturity expected to be June 26, 2031 (determination date expected June 18, 2031). The notes may be automatically called beginning on June 21, 2027 on specified call observation dates with predefined call premiums (ranging from 20% to 95% depending on the call date). At maturity you receive either a positive participation in the basket return, the face amount if the final basket level is between 50 and 100, or a reduced cash amount if the final basket level is below 50; estimated value at issuance is stated as $850–$890 per $1,000 face amount. Payments are subject to the issuer's and guarantor's credit risk and to the calculation agent’s discretionary determinations.

GS Finance Corp. is offering $1,000 face‑amount autocallable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes can be automatically called on the call observation date if the index is at or above the initial index level; a call would pay $1,132.50 per $1,000 on the call payment date.

The notes pay no periodic interest and settle in cash at maturity. If not called, maturity payment depends on index performance with an upside participation rate of 300%; however, the index is net of a 0.65% per annum deduction and can allocate heavily to non‑interest cash positions. Estimated trade‑date value is $850 to $880 per $1,000, below the original issue price. The notes are unsecured debt of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering capped, non‑interest bearing notes linked to the common stock of Zscaler, Inc. The notes have a $1,000 face amount unit and an aggregate original face amount of $3,720,000 on June 2, 2026. The notes are automatically called on the call observation date if the closing price of Zscaler equals or exceeds the initial index stock price of $126.41, producing a capped cash payment of $1,416 per $1,000 on the call payment date. If not called, maturity payment on June 2, 2028 depends on the index stock return measured from May 27, 2026 to the determination date; the threshold settlement amount is $1,832 per $1,000 and the upside participation rate is 100%. If the final index stock price falls below 60% of the initial index stock price, holders suffer proportional principal losses and could lose their entire investment. The estimated value on the trade date is approximately $964 per $1,000 face amount; original issue price is 100% and underwriting discount is 1.5%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, buffered notes linked to the S&P 500® Futures Excess Return Index that mature on the stated maturity date (expected to be June 30, 2031). The notes have a $1,000 face amount denomination, an 80% buffer and an 180% upside participation rate. The issuer may redeem the notes on specified call payment dates beginning in June 2027 at 100% plus a call premium set on the trade date. Payment at maturity depends on the index performance measured from the trade date (expected June 25, 2026) to the determination date (expected June 23, 2031), with graduated outcomes: full upside multiplied by 1.8 if the final level ≥ initial level; absolute return if final level ≥ 80% of initial; and a proportional loss if final level < 80% of initial. The estimated value at pricing is between $885 and $935 per $1,000 face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk and do not pay interest or provide shareholder or futures-holder rights.

GS Finance Corp. offers principal-protected notes linked to a five‑underlier weighted basket, with exposure to SPHB ETF, Russell 2000, Nasdaq‑100, EURO STOXX 50 and MSCI Emerging Markets. The notes have a 200% participation rate on positive basket returns up to a maximum settlement of $1,272.50 per $1,000 face. A buffer protects declines up to 10% of the initial basket level; losses occur if the final basket level falls below that buffer. Trade and pricing parameters are set on the trade date; the notes do not pay interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering $1,000-face autocallable index-linked notes due June 17, 2030, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, can be automatically called on June 16, 2027 if both underliers close at or above their initial levels, and would pay $1,100 per $1,000 face amount on the call payment date if called. If not called, the cash payoff at maturity depends solely on the lesser performing underlier (Nasdaq-100 and S&P 500) with an 210% upside participation rate, a 90% buffer level and a 100% buffer rate; large losses are possible if the lesser performing underlier declines below the buffer.

GS Finance Corp. prices callable, equity-linked notes backed by Goldman Sachs. The notes have a $1,000 face amount (aggregate initial face amount $522,000), trade date May 28, 2026, original issue date June 2, 2026 and stated maturity May 28, 2031. Payments are linked to a weighted basket (65% S&P 500® Futures Excess Return Index; 25% MSCI EAFE; 10% MSCI Emerging Markets) with an initial basket level of 100, an upside participation rate of 269% and a trigger buffer at 80%. If the basket on the call observation date (May 31, 2027) is >= 100 the notes are automatically called and pay $1,150 per $1,000; otherwise maturity payoff depends on the basket return with full downside to the issuer credit and potential for losses below 80% of face. Issue price was 100%; estimated value at pricing was ~$987 per $1,000. Payments are unsecured and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. priced contingent monthly coupon notes linked to the Nasdaq-100, Russell 2000 and S&P 500. The notes pay a contingent monthly coupon of $7.50 per $1,000 (0.75% monthly; up to 9.00% per annum) when each underlier is at or above 60% of its initial level on the coupon observation date. If not redeemed, maturity cash settlement per $1,000 is either $1,000 (if each final underlier level is at or above its 60% trigger buffer) or $1,000 + ($1,000 × the lesser performing underlier return); losses can be up to the entire invested amount. The issuer may redeem on coupon payment dates beginning December 2026. Trade date: May 28, 2026; original issue date: June 2, 2026; stated maturity: December 2, 2027.

The offering describes GS Finance Corp. medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the common stock of Amazon.com, Inc. The aggregate face amount shown is $7,505,000 with a $1,000 face amount per note. The trade date is May 28, 2026, original issue date June 2, 2026, determination date November 29, 2027 and stated maturity December 2, 2027.

The notes pay a contingent quarterly coupon that equals $26.625 times the number of coupon observation dates (paid only if the underlier closes at or above a coupon trigger of 65%). The notes are subject to an automatic call if the underlier closes at or above the initial level ($274.00) on any call observation date. At maturity, if not called, the cash settlement per $1,000 face is $1,000 if the final underlier level is at or above the trigger buffer (65%); otherwise the settlement equals $1,000 × underlier return, meaning investors could lose most or all of their investment. The notes are not bank deposits and are subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering buffered S&P 500® index-linked notes that mature in 2031. Each note has a $1,000 face amount and pays at maturity based on the S&P 500® performance from the trade date to the determination date, subject to a 10% buffer and a participation rate of at least 90%. If the final index level is between the initial level and a 10% decline, you receive the face amount; if the index falls more than 10%, you suffer principal loss tied to the index return. The pricing supplement states the estimated value on the trade date will be between $885 and $935 per $1,000 face amount.

GS Finance Corp. offers leveraged buffered S&P 500® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and redemption at maturity depends on the S&P 500 performance from the June 29, 2026 trade date to the June 29, 2029 determination date.

Per $1,000 face amount, investors receive either principal plus an upside payoff (300% participation) capped at a $1,277.50 maximum, full principal if the final level is within a 10% buffer, or a prorated principal loss if the underlier falls more than 10% below the initial level. The notes are part of GS Finance Corp.'s Medium-Term Notes, Series F program and are subject to issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering floating rate notes guaranteed by The Goldman Sachs Group, Inc. that pay compounded SOFR plus a spread of 1.02% per annum, subject to a 0.50% minimum. The notes have an expected original issue date of June 9, 2026, an expected stated maturity date of June 9, 2033, and will pay interest quarterly on March 9, June 9, September 9 and December 9, beginning September 9, 2026. Interest will be determined using a daily compounded SOFR formula with the calculation agent designation to Goldman Sachs & Co. LLC; benchmark replacement provisions apply if SOFR is discontinued.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, non‑interest bearing notes linked to a weighted basket of the S&P 500® Futures Excess Return Index (65%), MSCI EAFE Index (25%) and MSCI Emerging Markets Index (10%). The notes have an initial basket level of 100, a trade date of May 28, 2026, an original issue date of June 2, 2026, a call observation date of June 4, 2027 (call payment date June 9, 2027) and a determination date of May 28, 2031 (stated maturity June 2, 2031).

If the basket closing level on the call observation date is ≥ initial basket level, the notes will be automatically called and pay $1,150 per $1,000 face amount. If not called, maturity payoffs depend on the basket return with a 200% upside participation rate, a trigger buffer level at 65% of initial, and full downside exposure below that buffer. The estimated value at pricing was approximately $972 per $1,000 face amount; original issue price was 100% with an underwriting discount of 0.85%.

GS Finance Corp. is offering S&P 500® Index-Linked Notes due March 29, 2029, guaranteed by The Goldman Sachs Group, Inc.. Each note has a face amount of $1,000. At maturity the cash payment per note equals either the face amount ($1,000) if the S&P 500 return is zero or negative, or $1,000 plus the underlier return subject to a maximum settlement amount of at least $1,195. The notes pay no periodic interest and their final cash payment depends on the initial underlier level (set on the trade date) and the final underlier level (closing level on the determination date). The trade date is June 25, 2026, original issue date is June 30, 2026, and the determination date is March 26, 2029. The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes. These pricing terms are subject to completion and the pricing supplement references additional documents and risk disclosures.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable, index-linked notes with an aggregate face amount of $17,378,000. The notes mature on June 7, 2033 unless automatically called on annual observation dates. They pay no interest, provide a 100% upside participation if the final index level exceeds the initial index level (initial index level: 113.97), and feature annual automatic-call tests with rising call levels and prescribed call premiums. The underlying benchmark is the Goldman Sachs Momentum Builder Focus ER Index, which applies daily rebalancing, a 5% realized volatility control, and a 0.65% per annum deduction. GS&Co.'s estimated value at issuance is $899 per $1,000 face amount (the pricing supplement shows an additional amount of $101 that amortizes to zero by August 27, 2026). Investors remain exposed to the issuer/guarantor credit risk and to index-design features that may allocate substantial exposure to hypothetical cash positions, which earn zero on an excess-return basis and are reduced by the 0.65% deduction.

The issuer GS Finance Corp. is offering $2,100,000 aggregate face amount of fixed coupon, index‑linked notes due June 2, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a fixed coupon of $13.375 per $1,000 each quarter (1.3375% quarterly, up to 5.35% per annum). At maturity the cash principal per $1,000 face amount is either $1,000 if both underliers finish at or above 80% of their initial levels, or a reduced cash settlement tied to the lesser performing index if that index finishes below 80% of its initial level. Trade date is May 28, 2026; determination date is May 23, 2031. The estimated value on the trade date was approximately $956 per $1,000, and the original issue price is 100% of face (underwriting discount 3.25%, net proceeds 96.75%). Payments are subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. is offering structured, equity‑linked notes tied to Autodesk, Inc. common stock (initial index stock price $240.95). Each $1,000 face amount may pay a quarterly coupon of $36.125 if the index stock on an observation date is ≥60% of the initial price; notes mature on June 1, 2029 unless automatically called earlier. At maturity, if the final index stock price is <60% of the initial price, principal is reduced pro rata by the index stock return (you could receive less than 60% of face and no coupon). The aggregate original face amount was $250,000 (subject to increase); original issue price was 100% with a 2% underwriting discount.

The offered notes are senior, non‑interest‑bearing notes issued by GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc. Their cash payment at maturity is linked to the performance of the EURO STOXX 50® Index measured from the trade date to the determination date. If the final underlier level is at or above a trigger buffer level equal to 75% of the initial level, holders receive the greater of the threshold settlement amount $1,376 or $1,000 plus $1,000 times the underlier return. If the final underlier level is below the trigger buffer level, holders suffer a proportional loss to principal and could lose their entire investment. Key dates include trade date May 28, 2026, original issue date June 2, 2026, determination date May 28, 2031 and stated maturity June 2, 2031. The aggregate face amount initially offered is $1,661,000, original issue price is 100% of face, underwriting discount 3% and net proceeds to issuer 97%.

GS Finance Corp. priced market-linked notes tied to the Nasdaq-100 Index. The notes have a $1,000 face amount per note, an aggregate initial face amount of $271,000, and no interest. They feature an automatic call on the call observation date if the underlier closes at or above the initial level, producing a $1,110 cash payment per $1,000 called.

If not called, the cash settlement at maturity depends on the final index level: investors receive either (a) $1,000 + $1,000 × 150% × underlier return if the final level is above the initial level; (b) $1,000 if the final level is between the buffer (85% of initial) and the initial level; or (c) $1,000 + $1,000 × 100% × (underlier return + 15%) if the final level is below the buffer. Trade date is May 28, 2026, original issue date June 2, 2026, call observation date May 28, 2027, call payment date June 3, 2027, determination date May 30, 2028, and stated maturity date June 2, 2028.

GS Finance Corp. is offering $1,000‑face leveraged buffered notes linked to the S&P 500® Futures Excess Return Index, due December 29, 2028, and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide upside participation of at least 112% if the final underlier level is at or above the initial level. If the final underlier level falls but remains at or above 85% of the initial level, the notes pay the absolute value of the underlier return. If the final underlier level is below the 85% buffer level, investors suffer losses calculated by applying the 100% buffer rate to the amount the underlier is below the buffer, exposing holders to significant principal loss. Trade date is June 25, 2026, original issue date June 30, 2026, determination date December 26, 2028. The underlier is based on E‑mini S&P 500 futures (Bloomberg: SPXFP Index); note pricing includes an initial excess over estimated model value that declines to zero over a set period.

GS Finance Corp. is offering S&P 500® Index-linked notes due July 3, 2031 (stated maturity) with a $1,000 face amount per note. The notes pay no interest and at maturity will deliver either the face amount or a cash payment equal to $1,000 + $1,000 × underlier return if positive, subject to a maximum settlement amount of at least $1,530. The trade date for setting initial terms is June 30, 2026 and the determination date for the final underlier level is June 30, 2031. The notes are senior unsecured obligations of GS Finance Corp. and fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.; they are subject to issuer and guarantor credit risk, limited secondary-market liquidity, taxation as contingent payment debt instruments, and the capped upside described above.

GS Finance Corp. is offering autocallable underlier-linked notes due 2031, fully guaranteed by The Goldman Sachs Group, Inc.. The notes reference three underliers: the Russell 2000, the EURO STOXX 50 and the State Street Utilities Select Sector SPDR ETF (XLU).

The trade date is June 25, 2026, original issue date June 30, 2026, and stated maturity July 2, 2031. The notes pay no interest, may be automatically called on quarterly observation dates (with call premiums starting at 16% and rising to 76%), and have a capped maturity payoff (maturity date premium 80.00%). If not called, the cash settlement at maturity is based solely on the performance of the lesser performing underlier against a 70% trigger buffer, and investors could lose their entire investment.

GS Finance Corp. is offering medium-term structured notes linked to the Class A common stock of Alphabet Inc. with an aggregate face amount of $2,060,000, subject to the automatic call feature.

The notes pay a contingent quarterly coupon of $32.625 per $1,000 (3.2625% quarterly, up to 13.05% per annum) if the underlier meets the 70% coupon trigger on each coupon observation date. If not automatically called and the final underlier level is below the 70% trigger buffer, principal is reduced pro rata by the underlier return; investors could lose their entire investment. The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering autocallable S&P 500® Index-linked notes due June 28, 2029, guaranteed by The Goldman Sachs Group, Inc.. Each $1,000 face amount pays $1,085 on the call payment date if the underlier closing level is greater than or equal to the initial level on the call observation date. If not called, the cash settlement at maturity depends on the final underlier level: full principal if the final level is at or above the 75% trigger buffer, upside participation of at least 145% when the final level exceeds the initial level, and otherwise a loss proportional to the underlier return (potentially a full loss of principal). The notes do not bear interest, are cash-settled, and are subject to issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering leveraged buffered S&P 500® index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500 Index, have a $1,000 face amount per note, and do not pay interest. The notes pay at maturity based on the underlier return from the trade date to the determination date.

Key economics shown: upside participation 125% subject to a maximum upside settlement of at least $1,250 per $1,000 face amount; downside participation 125% with a 20% buffer (buffer level = 80% of initial). Trade date is June 25, 2026, original issue date June 30, 2026, determination date June 25, 2029 and stated maturity June 28, 2029. Investors remain exposed to the credit risk of GS Finance Corp. and its guarantor and to market/secondary‑sale liquidity and tax uncertainties described herein.

GS Finance Corp. priced equity-index-linked medium-term notes guaranteed by The Goldman Sachs Group, Inc. The offering links principal at risk to the S&P 500® Index with a 300% upside participation rate capped at a 14.50% maximum return (maximum maturity payment of $1,145.00 per $1,000 face). The pricing date was May 28, 2026, original issue date June 2, 2026, stated maturity August 2, 2027, and the starting level was 7,563.63. The securities pay no interest, expose holders to full downside of the index from the starting level to the calculation day, and are unsecured obligations subject to issuer and guarantor credit risk.

GS Finance Corp. is offering two separate buffered index-linked notes guaranteed by The Goldman Sachs Group, Inc., each linked to a single index: the S&P 500® or the Russell 2000®. Trade date is expected to be June 25, 2026 with an expected stated maturity of June 30, 2031. Each note has a $1,000 face amount denomination. Both tranches feature a 100% participation rate, a 15% buffer (buffer level = 85% of initial level) and upside caps set on the trade date: S&P cap at least 165.25% (maximum settlement at least $1,652.50 per $1,000) and Russell cap at least 206.75% (maximum settlement at least $2,067.50 per $1,000). The pricing supplement shows an estimated value range of $885 to $935 per $1,000 at term-setting. Payments at maturity depend solely on the underlier closing level on the determination date and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent monthly-coupon, index-linked notes due June 1, 2029. The notes pay a monthly contingent coupon of $10.584 per $1,000 (1.0584% monthly, potential ≈12.7% per annum) only if each underlier is ≥70% of its initial level on the related coupon observation date. At maturity (if not redeemed), principal repayment is based solely on the performance of the lesser performing underlier; if that underlier finishes below 70% of its initial level, investors can suffer substantial principal loss, including a total loss. The issuer may redeem the notes on specified coupon payment dates beginning August 2026. Trade date is May 28, 2026; original issue date is June 1, 2026. The offering aggregates $3,100,000 face amount, issued at 100% of face with a 0.5% underwriting discount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, equity‑linked notes tied to the common stock of Broadcom, NVIDIA, Netflix and Alphabet. The notes are expected to mature June 12, 2031, and may be automatically called on monthly observation dates beginning December 2026 if the closing price of each index stock is ≥85% of its initial price. Monthly coupons accrue only if each index stock closes on a coupon observation date at ≥60% of its initial price; the coupon crediting amount is $13.792 per $1,000 face amount per qualifying monthly step (implying up to ~16.55% per annum). At maturity (if not called), payment depends on the lesser performing index stock: full principal if all final prices ≥60% of initial prices; no coupon and principal limited to 100% if final prices in [50%–60%); and if any final price <50%, repayment is pro rata to the worst‑performing stock (you may receive <50% of face and no coupon). The estimated value at pricing is $885–$925 per $1,000 face amount, below the original issue price. Payments are unsecured and subject to the issuer and guarantor credit risk.

GS Finance Corp. prices a series of medium-term notes—Equity Index Linked Securities—linked to an unequally weighted basket of five international indices with a stated maturity date of August 2, 2027. For each $1,000 face amount the securities pay no interest and deliver a cash maturity payment tied to basket performance.

If the basket ends above the starting level (starting level = 100), holders participate at a 300% upside participation rate capped at an 18.00% maximum return (maximum maturity payment = $1,180.00). If the basket ends below the starting level, holders have full downside exposure and may lose some or all of principal. The pricing date was May 28, 2026 and the original issue date is June 2, 2026. The calculation day is July 28, 2027 (subject to postponement).

GS Finance Corp. offers autocallable index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100 and Russell 2000 indices and pay no interest. They are automatically called if both underliers close at or above their initial levels on a call observation date; call payment dates are July 2, 2027 and July 3, 2028.

If not called, maturity payoff depends solely on the lesser performing underlier versus its initial level: investors receive full principal if the lesser underlier stays at or above its trigger buffer (80% of initial), a capped upside (at least 40.50%) if the lesser underlier is at or above initial, or a loss proportional to the lesser performing underlier return if below the trigger buffer. The notes may be worth zero at maturity. The notes are unsecured, not bank deposits, not listed, and subject to issuer/guarantor credit risk and limited secondary liquidity.

GS Finance Corp. is offering Market Linked Securities—auto-callable, equity ETF-linked notes with a $1,000 face amount and no periodic interest. The securities are linked to the iShares® Expanded Tech-Software Sector ETF with a 125.00% upside participation rate and an automatic call feature (call date July 6, 2027) that pays at least an 18.50% call premium if the fund closing price on the call date is at or above the starting price. If not called, maturity payment depends on the underlier: full face amount if decline ≤ 30% (threshold), 1-to-1 downside beyond that (investors may lose up to 100%). GS Finance Corp. is issuer and The Goldman Sachs Group, Inc. is guarantor; payments are subject to their credit risk. The estimated value at pricing is between $925 and $955 per $1,000 face amount; original offering price is $1,000.

GS Finance Corp. is offering Autocallable EURO STOXX 50® Index-Linked Notes due 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes have a 200% upside participation rate, a 15% buffer (buffer level 85%) and will be automatically called on the call payment date if the underlier closes at or above the initial level. If the notes are automatically called, each $1,000 face amount would pay $1,142.50 on the call payment date; if not called, payments at maturity depend on the final underlier level and may result in a substantial loss, including loss of principal and any premium paid.

The notes pay no interest, are cash-settled, subject to issuer and guarantor credit risk, and carry uncertain U.S. federal tax treatment; they are generally treated as pre-paid derivative contracts for U.S. federal income tax purposes. Key dates include trade date June 30, 2026, original issue date July 3, 2026, call observation date July 7, 2027, and stated maturity date July 8, 2031.

GS Finance Corp. offers contingent income buffered auto-callable securities linked to Freeport-McMoRan Inc. The notes (stated principal $1,000) are expected to price on or about June 1, 2026 with an original issue date of June 4, 2026 and stated maturity of June 4, 2027. Investors may receive a contingent monthly coupon only when the underlying stock closes at or above a buffer price equal to 70.00% of the initial share price (initial share price $65.71). The securities are automatically called if the underlying closes at or above the initial share price on any call observation date, in which case holders receive $1,000 plus the contingent coupon then due. If not called and the final share price is below the buffer price, holders bear a downside exposure equal to approximately 1.4286% loss of principal for every 1% decline beyond the buffer amount; holders do not participate in stock appreciation. The estimated value range at pricing was $940 to $999 per $1,000 principal amount and GS&Co. acts as underwriter and potential market maker.

GS Finance Corp. is offering callable S&P 500® Futures Excess Return Index‑linked notes due, expected to mature on June 10, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and pay at maturity an amount tied to the performance of the S&P 500® Futures Excess Return Index measured from the trade date (expected May 29, 2026) to the determination date (expected June 3, 2031).

The notes provide an upside participation rate of 185% (1.85×) if the final index level exceeds the initial level, a principal buffer of 80% of the initial level (you receive face amount if final level is ≥80% but ≤ initial), and full downside exposure below the buffer (resulting in material loss potential). The issuer may redeem the notes on monthly call payment dates from June 2027 through May 2031 at 100% plus specified call premium amounts set in the pricing supplement. The estimated value on the trade date is stated as $885–$925 per $1,000 face amount.

GS Finance Corp. is offering autocallable S&P 500^® Index‑linked notes due June 10, 2032, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, participate 100% in upside and include a 10% buffer (buffer level = 90% of the initial underlier level). The notes will be automatically called on annual call observation dates if the closing level of the S&P 500 ("SPX Index") is greater than or equal to the initial level; call premiums range from 8.45% in year one to 42.25% in the final listed call.

The cash settlement at maturity depends on the final underlier level: full participation above the initial level, return of principal if the final level is between the buffer and initial level, and a loss linked to the buffer formula if the final level is below the buffer (hypothetical losses up to 67% of face amount illustrated).

GS Finance Corp. is offering leveraged buffered S&P 500 Index‑linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount will pay at maturity based on the S&P 500 return from the trade date to the determination date. The notes feature a 200% upside participation rate capped by a maximum upside settlement amount of at least $1,180, a 10% buffer (buffer level = 90% of the initial underlier level) that protects against losses up to that decline, and full downside exposure beyond the buffer. Trade date is June 29, 2026, original issue date July 2, 2026, determination date June 29, 2028, and stated maturity July 5, 2028. The notes pay no interest, are payable in cash, are subject to issuer and guarantor credit risk, and may have limited secondary market liquidity.

GS Finance Corp. is offering principal-protected-style index-linked notes (each with a $1,000 face amount) linked to the lesser performing of the Russell 2000® and the S&P 500®. The trade date is expected to be June 25, 2026 with an original issue date expected to be June 30, 2026 and a stated maturity expected to be June 28, 2029.

The notes pay no interest. The cash settlement at maturity depends solely on the lesser performing underlier's return, an upside participation rate set at at least 102%, and a buffer equal to 15% (buffer level: 85% of the initial level). If the lesser performing underlier finishes below its buffer level, holders suffer losses equal to the lesser performing return plus the 15% buffer; if it finishes between the buffer level and initial level, holders may receive the absolute value of the negative return as a positive payoff. GS&Co. is the calculation agent and market-maker; the notes are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. The estimated value at pricing is stated between $925 and $965 per $1,000 face amount.

GS Finance Corp. is offering Buffered S&P 500® Index-Linked Notes due 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note, do not pay interest, and settle in cash at maturity based on the S&P 500® performance from the trade date to the determination date. The structure provides a 25% buffer against declines (buffer level = 75% of the initial level) and converts negative underlier returns within the buffer into positive returns equal to the absolute decline. If the final underlier level is below the buffer, losses are linear below the buffer and investors could lose a substantial portion of principal. Upside is capped at a maximum settlement of $1,792 per $1,000 face amount. Trade date is June 2, 2026, original issue date June 5, 2026, determination date June 2, 2031, and stated maturity June 5, 2031. These notes are part of GS Finance Corp.'s Medium-Term Notes, Series F program; the pricing supplement must be read with the referenced prospectus and supplements.

GS Finance Corp. is offering Digital Equity-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and will pay no interest. At maturity the cash payment depends on the performance of the common stock of GE Vernova Inc. ("GEV UN") from the trade date to the determination date. If the final underlier level is greater than or equal to the trigger buffer level (61% of the initial level), holders receive the maximum settlement amount of $1,300 per $1,000 face amount. If the final underlier level is below that buffer, investors lose 1% of face per 1% decline in the underlier below the initial level and could lose their entire investment. Key dates include trade date June 15, 2026, original issue date June 18, 2026, determination date December 15, 2027, and stated maturity date December 20, 2027. The notes are subject to issuer and guarantor credit risk and limited secondary market liquidity.

GS Finance Corp. is offering leveraged buffered S&P 500® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes return is cash-settled and measured from the Trade date: June 29, 2026 to the Determination date: March 29, 2029.

Per $1,000 face amount: if the final underlier level is above the initial level you receive $1,000 plus 200% of the underlier return (capped at a $1,245 maximum settlement). If the final level is between the initial level and the 85% buffer level you receive the $1,000 face amount. If the final level is below the buffer level you suffer downside tied to the underlier decline and can lose a substantial portion of principal. The notes pay no interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER that mature on June 17, 2031 unless automatically called beginning June 2027. Coupons of $50 per $1,000 face amount (a 5% quarterly coupon, up to 20% per annum) are paid only when the index closing level on an observation date is at least 70% of the initial underlier level; otherwise no coupon is paid.

The index applies volatility-targeted leverage (maximum exposure 500%, max daily leverage change 100%) and a daily decrement of 6.0% per annum, which reduces index performance. The estimated value at pricing is between $885 and $935 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer credit risk and complex index‑specific risks.

GS Finance Corp. offers Market Linked Notes due May 30, 2031 linked to the lowest performing of four stocks with an auto-call feature and a monthly contingent coupon. The notes pay a contingent coupon of $10.042 per $1,000 note (approximately 12.05% per annum) when the lowest performing underlying stock on a calculation day is at or above its coupon threshold (equal to 80% of the starting price). The notes may be automatically called if, on any monthly call date from May 2027 to April 2031, the lowest performing underlying stock closes at or above its starting price. If not called, the maturity payment equals the face amount ($1,000 per note). The pricing date was May 27, 2026, original issue date June 1, 2026, and the estimated value at pricing was $953 per $1,000 face amount. Original offering price: $1,000 per note; aggregate offered amount shown: $3,595,000. Payments are subject to issuer and guarantor credit risk and the notes are designed to be held to maturity.

GS Finance Corp. is offering leveraged buffered notes linked to the S&P 500® Futures Excess Return Index due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount payoff profile: participation of 159% on positive returns, a capital buffer of 10% (buffer level 90%), and potential principal loss if the final underlier level falls below the buffer. Trade date is May 29, 2026, original issue date June 3, 2026, determination date May 29, 2029, and stated maturity June 1, 2029. The notes pay no interest, are cash-settled, and are subject to issuer and guarantor credit risk, secondary-market liquidity risk, futures roll/contango effects and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering index-linked notes due July 29, 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays at maturity an amount tied to the lesser performing of the Russell 2000® and S&P 500® as measured from the trade date (expected June 25, 2026) to the determination date (expected July 26, 2027).

Key terms: 100% upside participation, a 10% buffer (buffer level = 90% of initial level) and a capped payout (maximum settlement amount of at least $1,180 per $1,000). Estimated value on the trade date is between $925 and $965 per $1,000 face amount. Payments are unsecured obligations subject to issuer and guarantor credit risk.

GS Finance Corp. is offering autocallable, index-linked notes due June 30, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes link to the Goldman Sachs Momentum Builder Focus ER Index with an upside participation rate of 100%. The notes may be automatically called annually if the index meets rising call levels; early calls pay a capped call premium (first-year call level 100.50% with at least a 10.00% premium). If not called, maturity payoff depends on index return (no loss of principal is provided by the structure: maturity cash settlement equals $1,000 if the final index level is equal to or below the initial level). Trade date and pricing are set on the trade date; GS&Co. estimates a trade-date value of $850–$890 per $1,000 face amount.

GS Finance Corp. offers $1,528,000 aggregate face amount of buffered basket-linked notes due May 30, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on a weighted return of TOPIX, the S&P 500® and the EURO STOXX 50® measured from May 27, 2026 to May 27, 2031.

If the weighted return is positive the cash payment equals the face amount plus the weighted return (100% participation) capped at a $2,000 maximum per $1,000 face amount. If the weighted return is between 0% and -20% you receive the face amount. If below -20%, the payment equals $1,000 plus $1,000 times (weighted return + 20%), which can produce substantial principal loss. The estimated value on the trade date is approximately $949 per $1,000 face amount and the original issue price is 100% with a 3% underwriting discount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, index-linked notes tied to the Goldman Sachs Momentum Builder® Focus ER Index (GSMBFC5 Index). Each note has a $1,000 face amount and an aggregate initial face amount of $1,182,000. The notes may be automatically called on specified annual observation dates if the index meets rising call levels; call premiums increase over time. At maturity, if not called, payment depends on index performance with a 100% upside participation rate but principal is returned if the final index level is equal to or below the initial index level. The index applies daily rebalancing, a 5% realized volatility control, a momentum risk control and an overall deduction of 0.65% per annum, and can allocate substantially to hypothetical cash or money-market positions. The estimated trade-date value is $897 per $1,000 face; original issue price is 100% with a 4.625% underwriting discount. The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes.